Process Safety Management (PSM) software enables companies to identify, risk assess, control, and mitigate all hazards related to processes within high hazard industries where workforces and contractors are at most risk of injury.

Due to continued market growth and opportunity in the segment, the PSM software market has, and is currently, undergoing consolidation.  Whether this is via private equity interest, partnerships or internal development, the sector is really seeing an exciting opportunity within this digital transformation era to offer enhanced safety solutions to those companies and workforces that need it most.

For companies operating within the high hazard sector, it isn’t a question of ‘if’, but ‘when’ should they adopt the new technology available. This then leads to the question of where to find vendor information and finally who is the right vendor to choose?

In November 2023, Verdantix, a research and advisory firm that acts as an essential thought-leader for world-enhancing innovation, published their Green Quadrant for Process Safety Software.

The Green Quadrant involved a detailed fact-based comparison of the most prominent PSM software platform vendors globally. Based on the proprietary Verdantix Green Quadrant methodology, the analysis encompassed three-hour live product demonstrations with pre-set scenarios, and vendor responses to a 102-point questionnaire covering 6 technical, 9 functional and 10 market momentum categories.

So, where does Yokogawa fit into this? Yokogawa has been acknowledged as a key software platform provider in the report and achieved the title of a 'Leader' in Process Safety Management. This recognition stands as a great achievement for Yokogawa, showcasing excellent performance in areas such as Control of Work, Mobile, Platform Interoperability, Integration, and Sustainability, including ESG considerations, among other notable areas.

These scores were achieved through Yokogawa’s commitment to excellence in the technology and solutions that it cultivates through the co-creation of value with its customers under its OpreX™ brand. It continuously allows customers to confidently digitalize and transform their business to drive growth in this time of unprecedented change, thereby helping to create a more sustainable and brighter future for all.

Naohisa Endo, Overall Head of Yokogawa’s Solution Centre’s of Excellence, comments, “We are very pleased to be recognised by Verdantix for this important report, particularly as our results have improved over previous reports, which is a sign of Yokogawa’s ongoing and indeed, growing commitment to ensure the well-being of our customers by helping them to protect the health and safety of their staff and any others visiting their sites, such as contracted workers”.

Find out more about OpreX ™ and its solutions here About OpreX | Yokogawa Electric Corporation and get in touch to discuss your requirements for keeping your company and workforces safe.

About Verdantix:

Based in London, England, Verdantix was founded in 2008. It is a research and advisory firm that helps businesses make informed decisions about technology and strategies related to environmental, health, safety, and sustainability issues. In simpler terms, it's like a consultant for companies that want to be more environmentally friendly, safe, and sustainable.

Author: Emma Bundy

Experienced Marketing Professional with a history spanning 30 years in the software, services, and manufacturing industries. Proficient in Marketing Management, Project Management, Product Marketing, and Market Research.

For over 14 years, I have dedicated my expertise to the Digital Control of Work sector, promoting the adoption of best practice safety and smarter, safer working environments for workforces and contractors worldwide through Yokogawa RAP's intelligent and innovative software solutions.